Fire Protection Market for Electric Vehicles to Grow 13-Fold by 2033

Fires in EVs Less Common Than in ICE Vehicles, but Still a Concern

A new report by IDTechEx has found that the fire protection market for electric vehicles (EVs) is expected to grow 13-fold by 2033. The report, “Fire Protection Materials for Electric Vehicle Batteries 2023-2033,” analyzes trends in battery design, safety regulations, and how these will impact fire protection materials.

The report found that the EV market has yet to converge on a single battery design, which presents opportunities for many fire protection materials and their suppliers. The report also found that the occurrence of fires in EVs is less common than their combustion engine counterparts, but it is still important to protect the vehicle’s occupants and prolong the time for a fire to exit the battery pack.

The report covers a variety of fire protection materials, including ceramic blankets/sheets, mica, aerogels, coatings, encapsulants, encapsulating foams, compression pads, and phase change materials. The report also includes ten-year market forecasts for each material and vehicle category.

Dr. James Edmondson, Principal Technology Analyst at IDTechEx and lead author of the report, said: “The rapidly growing EV market, across segments beyond just cars, presents great and varied opportunities for material suppliers to enable safer battery packs.”

He added: “The occurrence of fires in EVs is less common than their combustion engine counterparts, in total number but also in terms of the rate per miles traveled. However infrequent, it is extremely important to protect the vehicle’s occupants and prolong the time for a fire to exit the battery pack for as long as possible.”

The report “Fire Protection Materials for Electric Vehicle Batteries 2023-2033” is available to purchase from the IDTechEx website.